self employed
November 13th, 2008 by Questions
I am self emploed.How will be effect my corporation to personal bankrupcy
Posted from: Ontario
One Response to “self employed”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
November 14, 2008 at 8:43 am, A licensed trustee said:
If you file for personal bankruptcy, your business is an asset (something that you own) that your trustee will have to deal with. If the business has any value (something that can be sold, including the business itself) your trustee will have to try and obtain that value for your creditors.
There’s a pretty good chance my answer may confuse you – the best thing to do is to use the links on this page and contact a trustee in your area directly about your business.